Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

fringe benefit

Read a random definition: up-front performance bond

A quick definition of fringe benefit:

Term: Fringe Benefit

Definition: Fringe benefits are extra things that an employer gives to their employees in addition to their regular pay. These benefits can include things like health insurance, life insurance, discounts on products or services, free parking, access to a gym, and meal plans. Some of these benefits are not taxed as long as certain rules are followed. The government has a list of all the benefits that are not taxed and the conditions that must be met to qualify for the tax exemption.

A more thorough explanation:

A fringe benefit is an extra benefit that an employee receives in addition to their regular wages. These benefits can be tax-exempt if certain conditions are met. The Internal Revenue Code's Section 132 lists all the fringe benefits that are excluded from taxable income and the conditions for the exclusion.

  • Health insurance
  • Life insurance
  • Employee discounts
  • Qualified parking
  • On-premises athletic facilities
  • Certain meal plans

These examples illustrate how fringe benefits can be different from regular wages. For instance, an employee may receive health insurance coverage as a fringe benefit, which is not part of their regular salary. Similarly, an employee may receive discounts on products or services offered by their employer, which is also a fringe benefit.

friendly witness | frisk

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.